Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 8.18%.
YIELD ON COST (YOC)
8.18%
HESM now pays $3.09 per share a year. Measured against the price it actually traded at back then, a long-term holder is earning:
| If you bought | Price then | Yield on cost today |
|---|---|---|
| 5 years ago(2021-10-01) | $27.96 | 11.05% |
| 3 years ago(2023-09-29) | $29.13 | 10.61% |
| 1 year ago(2025-09-30) | $34.55 | 8.94% |
| Buying today(at $37.75) | $37.75 | 8.18% |
Projection: starting from today's 8.18% yield, assuming the dividend keeps compounding at 11.0% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
8.18%
In 3 years
11.18%
In 5 years
13.77%
In 10 years
23.18%
Try your own purchase price, dividend and growth rate for Hess Midstream LP (HESM).
Starting Yield
8.19%
Ending YOC
38.38%
Year 15 Dividend
$14.49
Cum. Dividends Recd.
$116.44
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $3.09 | N/A | 8.19% | $0.00 |
| Year 1 | $3.43 | +10.85% | 9.07% | $3.43 |
| Year 2 | $3.80 | +10.85% | 10.06% | $7.22 |
| Year 3 | $4.21 | +10.85% | 11.15% | $11.43 |
| Year 4 | $4.67 | +10.85% | 12.36% | $16.10 |
| Year 5 | $5.17 | +10.85% | 13.70% | $21.27 |
| Year 6 | $5.73 | +10.85% | 15.19% | $27.00 |
| Year 7 | $6.35 | +10.85% | 16.83% | $33.36 |
| Year 8 | $7.04 | +10.85% | 18.66% | $40.40 |
| Year 9 | $7.81 | +10.85% | 20.69% | $48.21 |
| Year 10 | $8.66 | +10.85% | 22.93% | $56.87 |
| Year 11 | $9.60 | +10.85% | 25.42% | $66.46 |
| Year 12 | $10.64 | +10.85% | 28.18% | $77.10 |
| Year 13 | $11.79 | +10.85% | 31.23% | $88.89 |
| Year 14 | $13.07 | +10.85% | 34.62% | $101.96 |
| Year 15 | $14.49 | +10.85% | 38.38% | $116.44 |
Yield on cost is the dividend yield measured against your original purchase price, not today's price. As a company raises its dividend, the yield on what you actually paid keeps rising even when the market yield holds steady.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
